The Portland daily press., 1887-01-19
PORTLAND AND ocpENsRURc.
Annual Meeting Of the TWO Corpora
tons.
Report of the Receiver and Election
of Directors.

The annual meeting of the Portland and
Ogdensburg Railroad Company was held at
the office of the company, on Commercial
street, at 10 a. m. yesterday. President S.
]. Anderson called the meeting to order,
Mayor Chapman and Messrs. Richardson,
Milliken, Corser and Amsden being present.
Other stockholders were represented by
proxies. Mayor Chapman offered she fol-
lowing:
Voted, That the president be, and hereby is,
authorized to execute and deliver in the name
and behalf of the Portland and Ogdensburg Rail-
road Company, a deed releasing and conveying
all the right, title and interests of this corpora
tion in and to the corporate property, real and
Portland ana Ogdensburg Railway, and that said
deed be substantially in the form herewith sub
mitted.
A stock vote was taken, Messrs. Milliken,
Richardson and Corser being the committee
to count the votes. 1t appeared that 81
stockholders had either voted in person or
by proxy, representing 1867 shares. The
vote offered by Mayor Chapman was unan-
imously adopted.
On motion of Mayor Chapman the choice
of directors was passed by and the old
board will hold over until their successors
are chosen.
The meeting Of the old corporation was
then adjourned.
President Anderson called to order the
meeting of the Portland and 0gdensburg
Railway, the new corporation. The first
annual report of the president and directors,
as printed, i accompanied by the decree Of
foreclosure, final order of the court, and
acts of the Maine and New Hampshire Leg
islatures, by which the bondholders secured
by the mortgage Of 1871 were authorized to
form new corporation, and the bylaws
adopted at their first meeting, June g. 1886.
RECEIVERS REPORT.
The receivers report gives an extract from
the engineers report of the improvements
on road bed, track, etc., the past wear
From it we learn that there have been 49,
1913 new cross ties put into the track. There
are now on hand about 10000 ready for use I;
there will be required for another year about
10000 more Of cedar. There have been about
seven miles of barbed wire fence erected
There have been some 750 cubic yards of
solid masonry built at an expense of less
than 81 per yard
By the substitution of permanent work of
construction, solid embankment and sub
stantlal masonry, the original length of
bridging Of your road has been decreased
1,46l linear feet, or nearly mile and a half !:
while the. length of the iron bridging,
erected in place of decaying wooden struct-
ures, has been 1925 linear feet, and with that
originally built, now aggregates 1894 linear
feet, or more than sixty per cent. of all the
bridging, over openings of twenty feet and
upwards, yet remaining upon the whole
The equipment of the road consists of Is
locomotives, 25 passenger, baggage and
observation cars, 104 box freight cars. 15S
platform cars, 20 four-wheeled dump cars, Q
vans, crane car, tool car, 3 snow plows.
l steam eXcavator.
TRAIN MILEAGE FOR YEAR ENDING sFpT 40
1886.
Passenger trains. .................13879 I miles
Freight trains. ACKNOWLEDGEMENTS. ..123,S27 g
SSWs,itcnng ...'.........-,.......... 53,974
other Trains. ......................... 11,S46 "
TRAFFIC
Number of local passengers. s9.77s
Number OF foreign passengers. 57,731
Total number Of passengers.... Ia, 5o7
Local passenger mileage Qocal pas
sengers carried one mile) ........... ] 1897 560
Foreign passenger mileage (fOreign
passengers carried one mile) $500. 2.142749
Number tons of local freight carried. I36,7l5
Number tons OF foreign freight carried 14i ,S36
Total number tons freight carried 278'55l
Local freight mileage (tOns local freight
carried one mlle) Observation-Disclosures. 1882 AL
Through freight mileage (tons through
freight carried one mile ,57e,s11
Total number tons freight carried one
mile LII, 759, 1862
Average number OF cars in passenger
trains. ......;............ 49,. SO
Average number of cars in freight
trains. ..........-........ ............. 1876
In making comparison of the gross earn
ings of the road for the past year with those
Of the year ending Sept. 80, 1885, 1t must be
borne in mind that, under the contract with
the B., c. d M. II. r. Co. which, by its
terms, extended to the Sd day of June, 1885.
but which, by agreement, really terminated
on the Sd day of May, 1885, the charges for
all through business, both freight and pas
senger, belonging to this road and passing
either way, between SCOTS Mills and
Fabyans were paid to the p. q o. r. K. Co. /:
the latter company running its own trains
over that section of road and paying train
mileage to the B., G. & M. r.. r. Co. for such
use of their track So that for seven months
of the previous year the sum of the gross
earnings was increased by the pro rata pro-
portion of the through rate charged for such
business coming over that % miles of addi-
tional track. The passenger and freight
mileage tables are subject to the same quail
fications.
Respectfully submitted,
SAM. j. ANDERSON, Receiver.
GROSS EARNINGS FOR YEAR ENDING SEPT 30.
1886.